Exercise 12-32 Segmented Income Statement; TV Cable Company (LO 12-5) Countywide Cable Services, Inc., is organized with three segments: Metro, Suburban, and Outlying. Data for these segments for the year just ended follow. Service revenue Variable expenses Controllable fixed expenses Fixed expenses controllable by others Metro $1,040,000 Suburban $840,000 168,000 118,000 377,000 297,000 198,000 168,000 Outlying $440,000 68,000 127,000 58,000 In addition to the expenses listed above, the company has $90,000 of common fixed expenses. Income-tax expense for the year is $290,000. Required: 1. Prepare a segmented Income statement for Countywide Cable Services, Inc. SEGMENTED INCOME STATEMENTS: COUNTYWIDE CABLE SERVICES, INC. Segments of Company Countywide Cable Services Metro Suburban Outlying Segment contribution margin $ 0 $ 0 $ 0 S 0 Profit margin controllable by segment manager $ 0 $ 0 $ 0 S 0 Profit margin traceable to segment $ 0 $ 0 $ 0 $ 0 S 0 $ 0